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Polsib publishing house in Sibiu turns to real estate

Polsib publishing house in Sibiu, recently sold by Teora to a company from Arad intend to change its range of activity from books publishing to real estate development and promotion and close the bookstore owned in Sibiu.

Raiffeisen Evolution in negotiations for EUR 150 mln sale of Promenada Mall

Vienna based real estate developer Raiffeisen Evolution is negotiating the sale of the Promenada shopping center, a EUR 130 million investment that opened less than one year ago in Bucharest, sources on the real estate market told Mediafax.

Impact shares doubled the money of the investors, sustained by the acquisitions of Iaciu

The shares of the real estate developer Impact have multiplied 2.5 times the money of the investors this year, on the background of the acquisitions made by the businessman Gheorghe Iaciu, the biggest shareholder of the company, with nearly 50 pct of the capital.

NEPI and Dedeman buy 84,000 sqm of land in Timisoara

NEPI and Dedeman have split the purchase of an 84,000 sqm plot, with each purchasing 42,000 sqm. The Romanian DIY retailer plans to open a new store at the site, but NEPI has not disclosed its plans for the site yet.

Take-up of modern industrial and logistics space reaches 61,000 sqm in H1, says DTZ Echinox

Total leasing activity involving modern industrial and logistics space reached 89,000 sqm in the first six months of 2014 while the take-up amounted to 61,000 sqm, according to data from DTZ Echinox. Some 46 percent of this was registered in Bucharest (34,000 sqm transacted).

EBRD maintains Romania economy growth estimates at 2.6 pct in 2014, 2.8 pct in 2015

The European Bank for Reconstruction and Development (EBRD), in a report that examines the effects of the conflict in Ukraine on Central and Eastern Europe released this Thursday, maintained its growth estimates for Romania's economy at 2.6 percent for 2014 and 2.8 percent for 2015.

Construction progress of Bucharest One, second tallest building in Bucharest

Bucharest One, the office tower which will be upon its completion the second tallest building in Bucharest raised its head of ground near Pipera passage in the north of the city, after the construction works started this spring.

Carrefour buys 12,000 sqm in the ParkLake shopping mall

ParkLake, the EUR 180 million shopping mall developed by Sonae Sierra and Caelum Development in Bucharest’s District 3, has just signed a contract with Carrefour Romania for the ownership and operation of a 12,000 hypermarket on its grounds.

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